S. 2753 · 108th Congress
Zero Downpayment Act of 2004
- Stage
- In committee
- Sponsor
- Gordon Smith
- Introduced
- 2004-07-22
- Latest action
- 2004-09-07 · Sponsor introductory remarks on measure.
Summary
Zero Downpayment Act of 2004 - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to insure zero-downpayment mortgages of an eligible single family residence for a first-time homebuyer who has received specified homeownership counseling.
Terminates program authority after September 30, 2011, except for mortgages executed prior to such date.